JT(SZ:300400)2022-12-06 07:31Group 1: Customer and Market Insights - The company has over 4,000 clients, including well-known enterprises such as Foxconn, Flex, OFILM, and Lens Technology, indicating strong market recognition in technology, quality, and reliability [3] - The primary customer sectors are consumer electronics and automotive electronics [3] - The company's first major client in 2016 primarily purchased biometric recognition module bonding equipment and high-speed dispensing equipment [3] Group 2: Product Development and Competition - The company's AOI products are mainly used in the PCBA production field, facing competition from companies like Jot Automation, Heller, and Taiwan's Delo [3] - The rapid advancement of new processes and technologies in terminal electronic product manufacturing drives the need for equipment manufacturers to innovate and upgrade their products [3] Group 3: Production Capacity and Challenges - The company is experiencing increased orders and a richer product structure, leading to capacity constraints in existing production facilities [4] - To address capacity shortages, the company is leasing additional space and outsourcing some preliminary processes [4] - The impact of rising raw material costs on the company is limited [4] Group 4: Future Development Goals - The company aims to combine high-end equipment with intelligence for future growth, continuously updating existing products to achieve sustainable growth and increase market share [4] - There are plans to develop new products and expand application areas to deepen market penetration [4] - There is currently no timeline for implementing equity incentives for the R&D team [4]